Meet Batman: Just joking. This is Batman: His name is Daniel Kish, he’s blind, and he gets around using echolocation. Here he is teaching it: I realise that this may sound like a bit of old news. Daniel Kish has been appearing in feature segments of believe-it-or-not style documentaries for years. But recently, he was the […]

In case you missed the full announcement, here’s the link: Mr Draghi gets caught in a broken lift, arrives late, and announces Quantitative Easing for the Eurozone. Here is the key paragraph: [The Governing Council of the ECB] decided to launch an expanded asset purchase programme, encompassing the existing purchase programmes for asset-backed securities and covered […]

Today, the world is expecting Mario Draghi to announce a formal round of Quantitative Easing in the Eurozone. And I say “formal” because actually, it’s already been sort of happening through the ECB’s purchases of “peripheral bonds”*. *That is: buying the government debt of the peripheral Eurozone countries, like Cyprus, Greece, Italy, Portugal, etc. These bond […]

Quantitative Easing, as practiced by Ben Bernanke and Mario Draghi, gets a lot of attention. When it threatens to trip, the Stock Markets go ahead and fall anyway. When it seems like it may jump, the Stock Markets start skipping. Ben and Mario – those men know what it feels like to hold the world […]